Invest in land like they know us! What factors affect the buying and selling price of land?

Investing in land is another popular choice for many investors. This is because the value tends to increase with time. But before deciding to invest It is important to study the factors that affect the buying and selling price of land in order to make an informed decision.

This article will answer the question: What factors affect the buying and selling price of land? Divided into 2 large groups as follows.

1. Land factors

• Location : is the most important factor affecting the price of land. Generally, the land is located in the city center. Near transportation sources Facilities, business district, job sources, tourist attractions Often the price is higher than other areas.
• Land characteristics: Physical characteristics of the land, such as size, shape, terrain, slope, buildings on the land, waterways, all affect the price. The land has a rectangular shape, a flat area with no obstructions. Usually has a higher price.
• Environment: Environment surrounding the land, such as air pollution. Noise pollution, views, safety all affect the price. In general, the land is in a good environment. Usually has a higher price.
• Potential of the land: Depends on what it can be used for, such as empty land in the heart of the city. It may have the potential to be developed into a real estate project. Resulting in higher prices.
• Title document: Land with complete title deed, such as land title deed Nor Sor 3, usually has a higher price than land that does not have title document or the title document is not complete.

2. Economic and social factors

• Economic conditions: Good economy This often results in the price of land increasing because people with purchasing power want to invest.
• Government policy : Government policy such as infrastructure development. Enactment of laws regulating city planning All affect the price of land.
• Social conditions: prosperity of society, population, demand for housing. All affect the price of land.
• Interest rate : Low interest rate Encourage people to come out and invest As a result, the price of land has increased.
• Investment trend: Speculation trend or popularity in a particular area All affect the price of land.

Examples of factors affecting land prices

• Example 1: A plot of empty land in the heart of the city. It is cheaper than vacant land on the main road. Because this plot of land is in a deep alley. Inconvenient access
• Example 2: Two plots of vacant land next to each other. The first plot has a land title deed document. The second plot has a rights document, Nor Sor. The first 3 plots have a higher price. Because the land title deed document is more stable.
• Example 3: Two plots of vacant land located far apart. The first plot is near the BTS. The second plot is far away. The first plot has a higher price due to convenient travel.

The factors mentioned above All affect the buying and selling price of land. Investors should study the information carefully. Analyze various factors carefully first.